Courseplan M N V
MBA –M,N,V section
Managerial statistics (IMBA 141)
Number of Credits = 2 (30 hours)
Course Overview
IMBA 141 is a core course for 2 credit hours. It will discuss from both conceptual and application perspective, basic statistical and mathematical concepts and tools widely used in business applications. The course gives a basic statistical input desired for a clear understanding of core courses like Economics, Foundations of Finance, Managerial Finance, Operations Management and electives in Marketing & Finance Courses. Further it enables to conceptualize business problems in statistical / mathematical terms and solve them to provide solutions.
Course Learning Outcomes
Multiple pedagogies and active course participants should make MBAI 141 a useful foundation for continued professional development. With diligence and commitment to mutual learning, the following learning outcomes can be accomplished.
Become aware of data –information -knowledge conversion process
Summarize data by computing measures of central Tendency, dispersion, skewness and Kurtosis
Understand the concept of probability & random variables and applications of important probability models
Understand the need and application of sampling methods. Various sampling methods used in practice will be discussed.
Understand and apply appropriate inferential statistical methods of estimation and testing of hypothesis. Understand the method of evaluating the association between variables through correlation and regression modeling.
Use of basic time series analysis for forecasting.
Understand the approach for decision making under uncertainty.
Required Material (Text Book):
Anderson, D. R., Sweeney, D. J., Williams T. A. Statistics for Business and Economics (11th ed.). New Delhi: Cengage Learning India Private Limited.
Additional recommended references:
Sample Chapters in U.K. Srivatsava, G.V. Shenoy and S.C. Sharma: Quantitative Methods for Managerial Decisions, (2001),
Managerial statistics (IMBA 141)
Number of Credits = 2 (30 hours)
Course Overview
IMBA 141 is a core course for 2 credit hours. It will discuss from both conceptual and application perspective, basic statistical and mathematical concepts and tools widely used in business applications. The course gives a basic statistical input desired for a clear understanding of core courses like Economics, Foundations of Finance, Managerial Finance, Operations Management and electives in Marketing & Finance Courses. Further it enables to conceptualize business problems in statistical / mathematical terms and solve them to provide solutions.
Course Learning Outcomes
Multiple pedagogies and active course participants should make MBAI 141 a useful foundation for continued professional development. With diligence and commitment to mutual learning, the following learning outcomes can be accomplished.
Become aware of data –information -knowledge conversion process
Summarize data by computing measures of central Tendency, dispersion, skewness and Kurtosis
Understand the concept of probability & random variables and applications of important probability models
Understand the need and application of sampling methods. Various sampling methods used in practice will be discussed.
Understand and apply appropriate inferential statistical methods of estimation and testing of hypothesis. Understand the method of evaluating the association between variables through correlation and regression modeling.
Use of basic time series analysis for forecasting.
Understand the approach for decision making under uncertainty.
Required Material (Text Book):
Anderson, D. R., Sweeney, D. J., Williams T. A. Statistics for Business and Economics (11th ed.). New Delhi: Cengage Learning India Private Limited.
Additional recommended references:
Sample Chapters in U.K. Srivatsava, G.V. Shenoy and S.C. Sharma: Quantitative Methods for Managerial Decisions, (2001),